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The ‘Build Back Better’ reconciliation bill (the bill) currently under consideration in the House includes numerous incentives for clean energy.

The bill retains, with some modifications, nearly all of the clean energy incentives included in the version of the bill approved by the House Ways and Means Committee on 15 September (the Ways and Means bill). For prior coverage, see PwC’s Tax Insight, Ways and Means reconciliation bill includes numerous ESG tax proposals, September 23, 2021. Under the ‘rule’ adopted for House consideration, the current version of the bill reflects (1) a November 3 substitute amendment making changes to the earlier 28 October version of the bill released by the House Rules Committee, and (2) a ‘chairman’s amendment’ offered by House Budget Committee Chairman John Yarmuth (D-KY).

This PwC Tax Insight highlights the changes to the clean energy provisions from the Ways and Means bill.